Simon Property Group to buy Taubman Centers for $3.6 billion
Simon Property Group Inc. SPG, +0.11% said Monday it has entered an agreement to acquire mall REIT Taubman Centers Inc. TCO, -1.62% in an all-case deal valued at about $3.6 billion. Simon will pay $52.59 per Taubman share, for a 51% premium over the stock's closing price on Friday. The deal is expected to immediately boost Simon's funds from operations and to be at least 3% accretive on an annualized basis after closing.
#div-gpt-ad-1569967089584-0 > div > iframe { width: 100% !important; min-width: 300px; max-width: 800px; }
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Banijay Completes Refinancing Drive to Raise $2.5 Billion for Endemol Shine AcquisitionFrance-based Banijay Group has completed its refinancing drive to raise €2.3 billion ($2.5 billion) for the acquisition of Endemol Shine Group. Banijay announced its $2.2 billion deal for Endemol S…
Read more »
Deal reached to cut bankrupt Puerto Rico's debt by $24 billionPuerto Rico would shed about $24 billion of debt and move closer to exiting bank...
Read more »
Puerto Rico bondholders, oversight board strike $35 billion debt restructuring dealThe deal, which will still need to be approved by the judge overseeing the bankruptcy process, provides for an approximately 30% average haircut for all $35 billion.
Read more »
L Brands nears deal to sell Victoria's Secret to private equity group: reportL Brands is close to a deal to sell Victoria's Secret to private equity company Sycamore Partners, CNBC reported Sunday night. A price was not reported, but CNBC said the deal could be announced this week. The Wall Street Journal reported in January that L Brands was considering selling the Victoria's Secret brand, as well as Chief Executive Lex Wexner stepping down from his role. CNBC said it was unclear what Wexner's role, if any, would have after the deal. L Brands shares are down 11% year to date, compared to the S&P 500's 23% gain.
Read more »
Atlas Copco in $1.19 billion bid for German company Isra VisionAtlas Copco on Monday made a takeover bid in cash for German vision technology g...
Read more »
I've Worn Hair Extensions for 14 Years—These Are the Top 8 Brands to Shop for BundlesShop the best online hair extension brands for clip ins, wefted hair, and faux bangs.
Read more »